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Dollar General - Pharr
203 E Ferguson St, Pharr, TX 78577
Listing Price: $1,000,000
Investment Overview
Marcus & Millichap is pleased to present an ideal 1031 exchange opportunity with a well located single-tenant Dollar General located in Pharr, Texas. The lease is corporately guaranteed by Dollar General, listed on the New York Stock Exchange (NYSE: DG) with a Baa2 rating from Moody’s. The tenant, Dollar General, operates in the necessity-based retail sector, serving local daily needs with an essential use.
The lease has a remaining term of six years, along with three (five) year option to extend the lease with a 10 percent increase. The NN structure of the lease requires minimal landlord responsibilities with the tenant re-imbursing for Property Tax, Property Insurance and Common Area Maintenance. Dollar General recently remodeled the store exterior, signage, parking area as well as an updated roof. The opportunity provides an attractive assumable loan at 4.76 percent fixed interest rate. Contact agents for more details.
Located off Highway 281, adjacent to Tropical Smoothie Cafe, Dairy Queen, 7-Eleven, Tip O Texas RV Resort, Texas INN & Suites, the property enjoys a busy location with high visibility and access for customers. The subject property is located approximately 12 miles north of the border of Mexico and the highly traveled Pharr-Reynosa International Bridge which see 750,000+ crossings a year. The property benefits from over 78,000 people in a five mile radius with an average income of $63,000.
Dollar General - Pharr
Investment Highlights
- Ideal 1031 Exchange Opportunity – Single Tenant Dollar General | Corporate Guaranteed Lease - Dollar General NYSE: DG – Moody's Rated Baa2
- NN Fee Simple Lease - Minimal Landlord Responsibilities - Newly Remodeled Building
- Six Years Remaining with Three (Five) Year Option - 10 Percent Increase During Option Period
- Attractive Assumable Financing - 4.76 Percent Fixed Interest - Five Years Remaining on Loan's Term
- Necessity Based Tenant – Essential Use – Local Daily Needs
- Pharr, Texas which has a Population of 79,697 is Bordered to the West by McAllen, Texas to the East by Rio Grande, TX and Southwest by Hidalgo, Texas
- Located off Highway 281, Adjacent to Tropical Smoothie Cafe, Dairy Queen, 7-Eleven Tip O Texas RV Resort, Texas INN & Suites, the Property Enjoys a Busy Location with High Visibility and Access for Customers
- Traveling from Highway 281 the Subject is 12 Miles North of the Border of Mexico Leading Directly to the Highly Traveled Pharr-Reynosa International Bridge – 750,000+ Crossings a Year
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,000,000
Investment Highlights
- Ideal 1031 Exchange Opportunity – Single Tenant Dollar General | Corporate Guaranteed Lease - Dollar General NYSE: DG – Moody's Rated Baa2
- NN Fee Simple Lease - Minimal Landlord Responsibilities - Newly Remodeled Building
- Six Years Remaining with Three (Five) Year Option - 10 Percent Increase During Option Period
- Attractive Assumable Financing - 4.76 Percent Fixed Interest - Five Years Remaining on Loan's Term
- Necessity Based Tenant – Essential Use – Local Daily Needs
- Pharr, Texas which has a Population of 79,697 is Bordered to the West by McAllen, Texas to the East by Rio Grande, TX and Southwest by Hidalgo, Texas
- Located off Highway 281, Adjacent to Tropical Smoothie Cafe, Dairy Queen, 7-Eleven Tip O Texas RV Resort, Texas INN & Suites, the Property Enjoys a Busy Location with High Visibility and Access for Customers
- Traveling from Highway 281 the Subject is 12 Miles North of the Border of Mexico Leading Directly to the Highly Traveled Pharr-Reynosa International Bridge – 750,000+ Crossings a Year
Investment Overview
Marcus & Millichap is pleased to present an ideal 1031 exchange opportunity with a well located single-tenant Dollar General located in Pharr, Texas. The lease is corporately guaranteed by Dollar General, listed on the New York Stock Exchange (NYSE: DG) with a Baa2 rating from Moody’s. The tenant, Dollar General, operates in the necessity-based retail sector, serving local daily needs with an essential use. The lease has a remaining term of six years, along with three (five) year option to extend the lease with a 10 percent increase. The NN structure of the lease requires minimal landlord responsibilities with the tenant re-imbursing for Property Tax, Property Insurance and Common Area Maintenance. Dollar General recently remodeled the store exterior, signage, parking area as well as an updated roof. The opportunity provides an attractive assumable loan at 4.76 percent fixed interest rate. Contact agents for more details. Located off Highway 281, adjacent to Tropical Smoothie Cafe, Dairy Queen, 7-Eleven, Tip O Texas RV Resort, Texas INN & Suites, the property enjoys a busy location with high visibility and access for customers. The subject property is located approximately 12 miles north of the border of Mexico and the highly traveled Pharr-Reynosa International Bridge which see 750,000+ crossings a year. The property benefits from over 78,000 people in a five mile radius with an average income of $63,000.
Exclusively Listed By
Broker of Record
Financing By
